Lakewood 8-Plex Sells at 7.2% Actual Cap

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Denver, CO – October 19, 2020 – AQYRE Real Estate Advisors, LLC is pleased to announce the sale of 12111 W. Nevada Drive in Lakewood, CO.

Brokers Jack Sherman and Dan Hawthorne (AQYRE) represented the Seller.

 

After closing, Mr. Sherman commented “This is a classic 8-Unit, 1970’s built construction on the far west side of town in Lakewood. The seller was able to accomplish his goals of relocating his income producing assets while the buyer was able to acquire a property at a 7.2% cap rate on current numbers.”

For more information on this investment or current market conditions, please contact Jack Sherman at AQYRE Real Estate Advisors at 720.738.1942 or Jack@AQYRE.com.

SALE HIGHLIGHTS

  • Address: 12111 W. Nevada Drive, Lakewood, CO 80228
  • Number of Units: 8
  • Property SF: 5,616 SF
  • Sale Price: $1,175,000
  • Price Per Unit: $146,875
  • Price Per SF: $209.22

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